DTCC Lowers Trade Repository Fees for Australia and Singapore
The pricing change for ASIC and MAS transactions is effective Oct. 1.
In a statement, DTCC said it is able to reduce the fees as a result of growth of the GTR utility in its MAS and ASIC user community.
The total savings per individual client depends on volume and/or commitment term.
Peter Tierney, regional head of GTR for DTCC in Asia, said the utility helps clients to address a critical compliance requirement.
GTR, which was introduced in 2012, helps firms meet local and global regulatory requirements that seek greater transparency in derivatives trade
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